| Fixed Rate | Minimum Down Payment | 10% or 20%
|
| | Credit History | Requirements for Credit History will vary based on Product and LTV. Traditional Credit, Alternative Credit or a combination of Traditional and Alternative Credit may be used. |
| | Work History | At least 12 months. If self-employed, at least 24 months |
| | Rental History | At least 12 months. |
| | Alternative Credit | With 10% down payment, 3 lines of credit for 6 months are required. With 20% down payment 2 lines of credit or rental history for 12 months is required
|
| ARM | Down Payment | 5%, 10% or 20%
|
| | Credit History | Requirements for Credit History will vary based on Product and LTV. Traditional Credit, Alternative Credit or a combination of Traditional and Alternative Credit may be used. |
| | Work History | At least 12 months. If self-employed, at least 24 months |
| | Rental History | At least 12 months
|
| | Alternative Credit | With 5% down payment, 2 lines of credit for 6 months are required in addition to at least 1 traditional line of credit active and reporting for the last 12 months. With 10% down payment, 3 lines of credit for 6 months are required. With 20% down payment 2 lines of credit or rental history for 12 months is required |
